You might be surprised by what you find is in the document you signed. A businessman signed a credit application for his company. When the company failed to pay the creditor sued the businessman. Turned out that the credit application said that anyone who signs this application agrees to guaranty the repayment of any credit extended. The businessman was held liable because as a business man you are deemed to have read and agreed to the contents of the document your signed. For most the lesson was read the document before you sign. However for those thinking of extending credit the lesson is put that clause in your credit application.